Web Execs Launch New Online Auto Community

January 31, 2007

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CAMBRIDGE, Mass. — In an effort to create the next-generation online auto community, a group of veteran Web executives recently introduced www.cargurus.com.

According to officials, CarGurus was piloted since March 2006. Already, it has received more than 1,300 user reviews, 3,800 wiki pages and information on more than 6,800 new and used cars from 1960 to 2007 model years,executives highlighted.

Officials explained that CarGurus was designed to provide its community with the tools for editing or adding information of their own to the site, whether writing a review, editing the wiki summary for a given car, submitting a link for an article on the Web, posting a photo of a car or asking a question.

"CarGurus is quickly becoming the next-generation automotive community site for both new- and used-auto information," said Langley Steinert, founder and chief executive of CarGurus. "Unlike other leading automotive information sites, CarGurus is built with an 'open architecture,' allowing our users to submit, edit and control the content on the site."

Steinert is former chairman and co-founder of TripAdvisor, a division of Expedia. According to officials, other CarGurus founders, board members and investors include Simon Rothman, founder of eBay Motors (investor and board member); Steve Kaufer, president and CEO of TripAdvisor (investor and board member); and Matt Rightmire, a founding member and former executive with the product development team at Yahoo (investor).

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